ASM receives US$600M (A$923M) Letter of Interest from US EXIM bank

Australian Strategic Materials (ASM) is pleased to announce it has received a non-binding Letter of Interest (LoI) from the Export-Import Bank of the United States (US EXIM) to provide a debt funding package of up to US$600 million (A$923 million) for the construction and execution phase of the rare earths and critical minerals Dubbo Project.


  • LoI from US EXIM bank for up to US$600M (A$923M) in debt financing package for Dubbo Project
  • US EXIM is the official export credit agency of the US federal government
  • US government support is a catalyst to increase customer and financing focus in North America
  • LoI from US EXIM is in addition to A$200M Letter of Support previously received from EFA
  • Dubbo Project is a construction ready, globally significant and long-life rare earths and critical minerals project